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China treasury bond futures open lower Monday

Xinhua, April 25, 2016 Adjust font size:

China's five-year treasury bond futures opened lower on Monday, with the contract for settlement in June 2016 opened 0.075 percent lower at 100.540 yuan (about 16.43 U.S. dollars).

The contract for settlement in September 2016 opened 0.085 percent lower at 99.430 yuan. The contract for settlement in December 2016 opened 0.076 percent lower at 98.860 yuan.

The contracts are agreements to buy or sell treasury bonds at a predetermined price and set date. They allow investors to bet on and profit from the movements in the value of the bonds.

The treasury bond futures were launched at the Shanghai-based China Financial Futures Exchange and started trading on Sept. 6, 2013. Enditem

(This article is generated by Xinhua News Robo